Form 990 for tax year 2023
Filed by ST VINCENT DE PAUL EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $1,202,809
- Total expenses
- $368,892
- Contributions and grants received
- $1,141,621
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $66,819
- Other revenue
- -$5,631
- Total assets, end of year
- $4,150,295
- Total liabilities, end of year
- $577,105
- Net assets or fund balances, end of year
- $3,573,190
- Program services expenses (Part IX)
- $336,355
- Management and general expenses
- $3,467
- Fundraising expenses
- $29,070
- Program service expenses (Part III)
- $336,355
Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$236,713
-
1f · All other contributions, gifts and grants
$904,908
-
3 · Investment income
total $83,230 · related or exempt $83,230
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $251,164 · other assets $31,137
-
7b · Less cost or other basis and sales expenses
securities $298,712
-
7c · Gain or loss
securities -$47,548 · other assets $31,137
-
7d · Net gain or loss
total -$16,411 · related or exempt -$16,411
-
8a · Fundraising events: gross income
$181,884
-
8a · Fundraising events: contributions included on line 1c
$236,713
-
8b · Fundraising events: direct expenses
$296,150
-
8c · Net income from fundraising events
total -$114,266 · excluded -$114,266
-
9a · Gaming: gross income
$154,462
-
9b · Gaming: direct expenses
$45,827
-
9c · Net income from gaming
total $108,635 · excluded -$34,665
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS ACTIVITIES
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,050 · management and general $3,050
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $26,055 · fundraising $26,055
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $28,456 · program services $28,456
-
21 · Payments to affiliates
total $120,073 · program services $120,073
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: TEACHER EXPENDITURES
total $124,276 · program services $124,276
-
24b · Other expenses: ROOF PROJECT
total $43,296 · program services $43,296
-
24c · Other expenses: SIGN EXPENSE
total $13,995 · program services $13,995
-
24d · Other expenses: SHIRTS
total $5,259 · program services $5,259
-
24e · All other expenses
total $4,432 · program services $1,000 · management and general $417 · fundraising $3,015
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $485,808 · end of year $574,004
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$7,637
-
10c · Land, buildings and equipment, net
beginning of year $7,637 · end of year $7,637
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $2,623,110 · end of year $3,568,654
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $740,524 · end of year $577,105
-
27 · Net assets without donor restrictions
beginning of year $2,376,031 · end of year $3,573,190
Mission and programs · 2023
Mission
ORGANIZATION WAS ORGANIZED TO BE A FINANCIAL SUPPORT SYSTEM FOR THE LOCAL PAROCHIAL SCHOOL SYSTEM. IT HAS DEVELOPED MANY FUND RAISING FUNCTIONS WITH ALL NET PROCEEDS TRANSFERRED TO THE LOCAL CATHOLIC SCHOOL SYSTEM.
-
A PARISHIONER'S ESTATE CONTRIBUTED A RESTRICTED AMOUNT TO BE USED AS A SCHOLARSHIP FOR THE PAROCHIAL SCHOOL. THE MONEY WAS RECEIVED AND THE GUIDELINES WERE FOLLOWED TO PAY THE SCHOLARSHIPS TO THE QUALIFIED STUDENTS. SCHOLARSHIPS AMOUNTING TO $1,000 WAS EXPENDED IN THE CURRENT FISCAL YEAR.ADDITIONALLY, THE REVENUE OF THE FUNDRAISERS IS PERIODICALLY TRANSFERRED TO THE ST VINCENT DE PAUL SCHOOL SYSTEM TO HELP SUPPORT THE PAROCHIAL EDUCATION PROGRAM. FOR THE CURRENT FISCAL YEAR THAT AMOUNT WAS $125,332.SALARY ASSISTANCE, TEACHER SUPPLIES,EQUIPMENT, AND TUITION ASSISTANCE WERE NEEDED IN THE SCHOOL SYSTEM IN THE CURRENT FISCAL YEAR AND A REQUEST WAS MADE BY THE SCHOOLS TO FUND SOME OF THOSE IMPROVEMENTS. A TOTAL OF $124,276 WAS CONTRIBUTED TO PAY FOR THE REQUESTED NEEDS.THE HIGH SCHOOL NEEDED A NEW ROOF. THE FOUNDATION BORROWED $900,000 TO HELP FUND THAT PROJECT AND ARE MAKING THE LOAN PAYMENTS.THE INTEREST FOR THIS LOAN FOR THIS FISCAL YEAR WAS $28,456. THE TOTAL COST TO INSTALL THE NEW METAL ROOF WAS $1,075,359. THE COSTS INCURRED IN THIS FISCAL YEAR FOR THE ROOF PROJECT WAS $43,296.00.THE FOUNDATION PAID FOR NEW SIGNAGE FOR THE SCHOOL ONCE THE ROOF WAS INSTALLED AT A COST OF $13,995.
Expenses $336,355
As filed on the 2023 return.
Listed in Part VII
-
Chad WheelerCHAD WHEELER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kelsey RiceKELSEY RICE
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Leslie LightLESLIE LIGHT
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara SchumerSARA SCHUMER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Father Joseph GedersFATHER JOSEPH GEDERS
Ex-Officio
- Total calculated
- $0
- Hours/week
- 0.5
-
Angi HermanANGI HERMAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin MattinglyKEVIN MATTINGLY
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicole MoonierNICOLE MOONIER
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Ben SchrempBEN SCHREMP
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Sara HennemannSARA HENNEMANN
President
- Total calculated
- $0
- Hours/week
- 1
-
Brad RennerBRAD RENNER
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510309349301906
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